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20130228
20130228
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CNBC
Feb 28, 2013 12:00pm EST
the conversation always seems to center around the banks, the the citi's, the morgans. >> if you look at xlf, for instance, it's trading right below its recent high, if that breaks out above that, if that's working, you don't need to look elsewhere. it's working right now so you can look at the goldmans and they are working. >> you'll get more leverage and joe has been on regions. >> the largely capital banks are not. they have spun off those units so when you see stock markets acting as cooperatively as they have been, when you see in-flows charging into bonds and stocks, issuance up, deals happening, that favors the goldmans, the morgan stanleys. that's why we emphasize them and why they have been leading. there's going to be a second leg to this story and it probably won't just be capital markets. it will be wage growth. i will start looking elsewhere. >> one other name. comerica, you're having a nice recovery. regional banks, incredible source of opportunity. >> all right. not so fast, mike murphy. my traders are quick but they are not always right and last month mike gave a final
CNBC
Feb 28, 2013 2:00pm EST
how the cuts will impact their cities. >>> the real story of the shale boom and how you can play it. and by the way, we are watching the dow, mandy, because it could be this hour that we cross over into new all-time highs. >> indeed we are moving at a closer to the dow's all-time high. at this stage less than 40 points away and officially at a new five-year high. dow transports are already as an all-time high. as we wrap up the february trade, gold looks like it is down for the sixth straight month. oil, by the way, down for the first month since october. so lot of great things happening at this hour. let's get straight down to trading floor. rick santelli in chicago. bob, you think we will make it? all time closing high today? >> my guess earlier today is no. you have money flows coming in and often than an up day. but let me show you what happened to show you how unpredictable things are. we had this blip up here. there is no particular news event i was able to find or anyone was able to identify. if you look at the spider, at etfs among the more actively trading ones, this is s&p
CNBC
Feb 28, 2013 1:00pm EST
our researchers in the environment immersed in difficult healthcare issues, city issues, as africa urbanizes, really raises the opportunity for ibm to be on the ground. >> now, for investors, this translates potentially into margins. argument that ibm is basically our researchers are smarter. we were working at this big data problem. it is the differentiator for the future. tell me, what are the most critical sorts of problems that ibm will be able to solve and capitalize on. >> our core value, jon, is innovation. we invest in innovation. we invest over $6 billion a year in r & d. much more than our competitors. because we believe we must constantly remix and reinvent our business up to higher and higher value to our clients. that of course results in increased margins. as we look at this world of dig data now, which is growing at exponential rates, cloud technology, et cetera. our clients are just buried in data that they can't extract information from it. analytics is the big play and today we announced to the world that we are increasing our analytics and big data revenue in 201
CNBC
Feb 27, 2013 7:00pm EST
jersey but will it save the casino business in atlantic city. this is courtesy of chris christie. we're going to clicks to find out. first up many are still down right stunned by the news that new jersey governor chris christie will be left off the list of this year's speakers at the cpac conservative conference. i believe it's a mistake too. but now let's take this question straight to the man who apparently made the decision. joining us now, chairman of american conservative union which sponsors cpac. our panel is still with us. al, thank you for coming on. by the way i love cpac. i've spoken there. i got invite this to speak at the thursday night dinner. it's not about that. christie, budget cutter, tax cutter, went after the union, school choice, pro life how can you guys leave him off the list? >> remember this real quick we're a conservative conference not a republican party meeting. number two, we receive hundreds of requests for main ballroom speaking slots and we have maybe 30 for the whole three day conference. then lastly we judge people on two ways. one is how relevan
CNBC
Feb 28, 2013 4:00am EST
more than the annual salary. the city of london, seen as a major loser in this deal. it has an estimated 150,000 staff potentially affected and i just have to say, i keep thinking i'm missing something on this story because if this actually happens, ross, the impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which i suspect you'll also get an awful lot of complex pay deals coming up. >> that, too. >> and there's a lot of ways to try and get around it. >> credit suisse and some are trying to pay with derivatives. there may be different kinds of comp. but if you're talking about the best and the most talented, you could argue about that in the bankin
CNBC
Feb 28, 2013 9:00am EST
long time. david, in the meantime, we want to call your attention to vatican city. pope benedict xvi stepping down after nearly eight years as pontiff after unexpectedly announcing his resignation on february 11th for health reasons. you can see him walking down the hall here. he's expected to depart vatican city by helicopter heading to castel gandolfo where he will take up temporary residence until his new residence outside of vatican city is complete. once he steps into the castel gandolfo, the doors will closed and it is complete. >> thousands of people stormed into st. peter's square to watch this happen. they put big screen televisions inside the vatican grounds for the public to watch what is happening. it's hard to get a vantage point of the scale if you've never been there but isn't that just an amazing thing to watch? >> and historic are, given that we haven't seen anything like this in 600 years, right? >> i wasn't there but obviously you were, david. eagerly checking the stocks. >> yes, i was. >> interesting this morning, cardinal dolan of new york was asked if he sta
CNBC
Feb 28, 2013 6:00am EST
don't think this was all necessarily thought out. two of the three potential host cities for 2020, japan and istanbul, tokyo and istanbul, you know, 70% of japan's gold medals were in wrestling. >> wow. >> and turkey, wrestling in turkey go hand in hand and it is an age-old tradition. >> they kept the pentathlon because basically there was a member of the 15-person committee that likes the pentathlon. but there were many countries participating in the pentathlon as there were different countries and medal winners in wrestling. since title ix wrestling has had a little bit of a profile shift in this country. i think the key is -- >> we have more wrestlers in new york city, we just started five years ago, than there are modern pentathletes in the country. >> why are we trying to shrink the number of sports? >> that's one of the things we're talking to the olympic committee about. what's the big deal of going from 25 to 26? >> what is the big deal? >> they originally -- >> is there a cost issue? >> tv ratings. it's money. if it's not a sport that people watch that generate revenue, t
CNBC
Feb 28, 2013 5:00pm EST
from the nasdaq market site in new york city's times square, i'm melissa lee. here's what "fast" is buyer beware. find out what red flag jp more gan's tom lee seeps right now. >>> defensive blitz. just how much pain the sequester could cost defense stocks. >>> and web wagers. who is best poised toic stroo it big when it comes to online gambling. the markets close in on fresh record highs. what was the top trade of the day today? dr. j? start with you. >> my top trade was the stickiness of the vix. it's made a big trip this week, so, i'm not saying, boy, it's just, you can't push it past 15 at all. it's made it from basically 1320, all the way up to 1920, back down to 14 and then it just wouldn't go any lower than ends up jumping on that rally for the vix. and subsequent selloff for the s&p 500. i was doing these one by two spreads in there, mel, i was buying the selling the 18, that's what the street was doing. >> and beekers, of course, a nail-biter of a day. i don't know if you have had the popcorn out today. we were 50 points away from the dow's record high. >> i always have the
CNBC
Feb 28, 2013 6:00pm EST
mentioned, i was just in new york city and these huge new york city companies like general electric and bank of america and philips they wanted to become customer companies. >> the reason i mentioned the bernstein thing, he says microsoft's coming along, oracle -- you in the talk i listened to said, oracle, ibm, microsoft, they're all really good at this now. wait a second, they all weren't really good when we first started talking. >> well, you've been right on, jim. and unfortunately, that bernstein analyst you quoted and i think this is what you want me to say. over the last one or two years now, he's been dead wrong. >> thank you. >> he doesn't realize the world has changed, the world has transformed, the world has evolved. we have moved into a new world of computing. who is carrying around a pc? who has windows anymore? this is a new world. we all have computers in our pockets. we're on to facebook, we're on twitter, the -- things are going more dynamic than ever before. and this is an exciting new world, but it's a treacherous world. because for companies, they have to change and
CNBC
Feb 27, 2013 11:00pm EST
trust bought more of. and fedex. but the truckers are a fabulous indicator of economy strength or weakness. jb hunt, saying all systems go. and cramer fave kansas city southern, ksu, $103, all-time record and it may be in talks to build a major hub to bring domestic oil to texas refineries. they're shipping by train. and it is so important to get an outlet for the domestic oil, and ksu is the preferred way to play it. a terrific stock because of the smoking hot mexican trunk line. how do we know this isn't a transport blip? would you see companies make truck engines and components for trucks like cummins, $2.39 and remarkable runs all, nowhere near as amazing as boeing. the supposedly hobbled pitiful helpless giant maker of planes that isn't supposed to be able to fly any time soon, if you read the press reports. why the heck is it 66 cents from the 52-week high, how about because they place huge orders with the company, because it may be, despite what the press reports you hear and see the finest manufacturer in the world. they will fix this problem faster than anyone believes po
Search Results 0 to 9 of about 10